Why North Bangalore is still Destination of Affordable Apartments

Why North Bangalore is still Destination of Affordable Apartments

By siliconindia   |   Saturday, September 27, 2014

Bangalore : From past few years, North Bangalore is renowned as a prime residential hub of Bangalore city by housing maximum number of affordable residential units with a blend of Luxury housing. Affordable housing launches are greater in North Bangalore as compared to East Bangalore as development in Bangalore is mostly happening in the north zone suburbs due to availability of land parcels at lower acquisition costs.

In North zone, Devanahalli, Banaswadi, Hennur Road, Doddabalapur Road, Peenya and Thanisandra Road are witnessing a high scale real estate development and attracting many reputed developers to launch their new affordable projects. All these areas are the most preferred residential choices for home buyers.

North Bangalore is witnessing a hasty real estate development due to the rapid enhancement of social and physical infrastructure such as Bellary Road (Elevated express way), Mono rail, high speed rail link and Metro rail, commencement of Bangalore International Airport and excellent connectivity to prime locations and central business district. The proposed Aerospace near the airport and Information technology investment region near Devanahalli are the major growth drivers for residential development in North Bangalore. The proximity to IT growth corridor adds an advantageous to Northern suburbs for residential development.

Demand for affordable housing mostly comes from experts working in North Bangalore, mainly professionals working at Manyatha Tech Park, Kirloskar Business Park and many other Multi National companies.  The real estate market in the North Bangalore is expected to grow in the future. With an increased demand affordable projects are expected to increase in its capital value.

In order to home buyers convenience, we prepared a list of five areas in North Bangalore Which offers apartments at affordable cost.

Bellary Road: bellary roadThe Bellary Road from Hebbal to Yelahanka is one of the prominent areas in north Bangalore.  The stretch has witnessed a significant growth in residential development over the last few years. The enhancement of six ways lane in this road has given much importance to this locality; it provides easy access to Bangalore International Airport. Many reputed developers in Bangalore have started their successful residential projects; this appearance of residential projects in and around the stretch has created a great impact on the development of North Bangalore. Due to the emergence of many real estate complexes, the locality is looking for brighter prospect.  The prominent areas like Ananda Nagar, Hebbal, Sahakar Nagar, Kempapapura, Hebbal, Ganga Nagar and Byatarayanapura will come under this stretch. This belt is witnessing commercial development as well.

The emergence of Bangalore International Airport, the good connectivity, presence of reputed educational institutions and health care centers, social & physical infrastructure and wide range of affordable housing have created a high demand for residential housing. This belt is also witnessing luxury apartment and villa projects along with the affordable housing segment.

Newly Launched Real Estate Project

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